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Tuesday, January 25, 2022

Despite Corona epidemic, employees of this sector doubled, know how much increase

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Salary of employees of IT sector is going to increase. Companies have taken this step due to competition in the market and keeping the talent.

Salary hike

The outbreak of COVID-19 (COVID-19) epidemic has left no room for increase in the wages of employees in most sectors. In contrast to the increase in salaries in most areas, there has been a reduction in staff salaries. However, one sector is one where employees’ salaries have increased despite Corona’s growing transition. Yes, the salary of the employees working in the IT sector is going to increase. This step is to strengthen competition and to retain talent in the market.

In the first phase of the Corona epidemic, there was a huge impact on business and due to this, the promotion and increment of people was banned. But the salary of employees of IT sector has increased now.

Accenture India

Currently, Accenture India has more than 2 lakh employees. It gave increments, bonuses and promotions to its employees last year. In February this year, the process of increment and promotion has started. According to the company, in April this year, their employees received a ‘Thank You’ bonus. The company promoted 605 employees to the post of Managing Director (MD), out of which 63 have been promoted to the post of Senior MD.

TCS

The country’s largest IT company Tata Consultancy Services (TCS) has increased the salary of employees twice in a span of 6 months. He has started giving revised salary to all his employees from April 2021. The company has informed that they are in the second phase of compensation review. TCS has increased the salary of its employees from January 2021. Last year, the company stopped increments of most of its employees.

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Bhagyashree Soni
Bhagyashree Soni is a software engineer with soft writing skills. She is a degree holder from the International School of Entrepreneurial Leadership. She has been a state-level badminton champion and chess player. A woman with a forthright attitude enjoys her writing passion as her chosen career. Writing in the context of feminism, social-cause and entreprenurship is her forte.
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